Review of Audit Regulation and Corporate Disclosure
June 27, 2002Australia Ratifies the Pacific Agreement on Closer Economic Relations (PACER)
July 3, 2002
NO.036
PACIFIC ISLANDS FORUM ECONOMIC MINISTERS’ MEETING (FEMM)
The Treasurer will represent Australia at the 6th annual Pacific
Islands Forum Economic Ministers Meeting, to be held in Vanuatu from July 2
to 4.
The objective of the meeting is to support Forum Island Countries (FICs) in
the development of appropriate economic policies for achieving their sustainable
development goals.
The meeting will provide Economic Ministers with the opportunity to assess
progress in the implementation of economic and governance reform in the FICs.
The framework for this reform was established by the Forum Economic Action Plan,
adopted at the first FEMM in 1997. The Action Plan spells out strategic issues
of importance to the region in promoting trade, investment, private sector development
and good governance. Economic Ministers will discuss further action to advance
implementation of their Action Plan.
The meeting has a strong emphasis on addressing the practical difficulties
of implementing economic and governance reform. An important theme this year
is the role of the private sector in Pacific economies. Ministers will be joined
by regional private sector representatives to consider ways in which the involvement
and contribution by business to economic policy formulation in the FICs can
be enhanced.
1 July 2002
Contact: Niki Savva
(02) 6277 7340